logo
episode-header-image
May 23
12m 5s

The economic impact of Trump’s budget bi...

Financial Times
About this episode

Republicans in the US House of Representatives narrowly passed President Donald Trump’s major budget bill on Thursday, and BYD has sold more electric vehicles in Europe than Tesla for the first time. Plus, Nvidia builds a buffer to the global trade war, and the US is starting to take the penny out of circulation.


Mentioned in this podcast:

US House passes Trump’s showpiece tax bill

BYD sells more electric vehicles in Europe than Tesla for first time

Nvidia seeks to build its business beyond Big Tech

Nvidia chief announces major Taiwan chip investments

US to become penniless with phasing out of one-cent coin


Today’s FT News Briefing was produced by Sonja Hutson, Kasia Broussalian, Ethan Plotkin, Lulu Smyth, and Marc Filippino. Additional help from Sam Giovinco, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s acting co-head of audio. The show’s theme song is by Metaphor Music.


Read a transcript of this episode on FT.com


Hosted on Acast. See acast.com/privacy for more information.

Up next
Aug 22
The return of ‘pump and dump’ stock scams
EU officials are accelerating plans for a digital euro, and the US Department of Justice has called for Federal Reserve governor Lisa Cook to be removed from her post. Plus, investors lost billions of dollars in July in what could be pump and dump stock scams. Mentioned in this p ... Show More
11m 4s
Aug 21
Can Target get its ‘swagger’ back?
Chinese regulators are pushing back against US AI chips, Target shares fell more than 6 per cent after the retail group picked an insider to be its new chief executive, and UK inflation accelerated more than expected to 3.8 per cent in July. Plus, China is making a big push for v ... Show More
11m 36s
Aug 20
What to expect from Jay Powell’s Jackson Hole speech
US tech stocks sold off on Tuesday, and Federal Reserve chair Jay Powell will be between a rock and a hard place when he delivers his speech at the Jackson Hole Economic Policy Symposium this Friday. Plus, Ozempic-maker Novo Nordisk has fallen behind its rivals. Does it have a pl ... Show More
11m 19s
Recommended Episodes
Aug 11
Introducing the Rachman Review: Is the US heading for a debt crisis?
This week on the Economics Show, we're bringing you an interview with Ray Dalio, from our foreign affairs podcast, the Rachman Review. It originally broadcast on July 3.Gideon talks to Ray Dalio, founder of Bridgewater Associates, the world’s largest hedge fund and author of a ne ... Show More
24m 3s
Aug 8
Introducing Swamp Notes: The real cost of gutting USAID
Political Fix is on a break this week. In its absence, we're taking the opportunity to introduce you to its sister podcast, Swamp Notes, the weekly US politics podcast from the Financial Times. Six months after the Trump administration gutted the US Agency for International Devel ... Show More
19m 4s
Feb 2025
UPDATE: EU Will Impose 'Countermeasures' Against Trump Tariffs
Your morning briefing, the business news you need in just 15 minutes. On today's podcast: (1) The European Union says it will respond to any tariffs the US might impose on it. The warning comes after President Trump pushed forward with his pledge to place a 25% tariff on all US s ... Show More
20m 27s
Jun 17
Chip Tax Credits Get Boost in Trump Tax Bill
Bloomberg’s Caroline Hyde and Ed Ludlow discuss how President Trump’s tax bill could boost investment credit for semiconductors to 30%. Plus, the CEO of Applied Intuition talks about how the startup plans to use its latest $600 million fundraising to make more moving machines sel ... Show More
43 m
Jul 14
The Trump-Putin Rift Widens
Today on the show, Fareed is joined by Alexander Gabuev, director of the Carnegie Russia Eurasia Center, to discuss the growing rift between Presidents Trump and Putin and what this means for the ongoing war in Ukraine. Next, the Financial Times’ Rana Foroohar sits down with Fare ... Show More
41m 55s
Mar 2025
Can Donald Trump afford a trade war with Canada?
The world is bracing itself as Donald Trump enacts his global tariffs. As the president begins to enforce them upon the rest of the world, the Americast team assemble to ask whether Trump’s bet on tariffs might be a bad deal for the US. How have the markets reacted, and does Trum ... Show More
24m 57s
Jul 2
Bill baby bill: Trump’s landmark legislation
As Donald Trump’s landmark legislation narrowly passes the Senate, our correspondent analyses the long-term political and economic consequences. Why foreign fighters are heading to the front line in Ukraine. And how congestion charging transformed the streets of New York. Listen ... Show More
23m 37s
Jul 30
Trump's Tariff Deadline Is Two Days Away
Friday is President Donald Trump’s alleged tariff deadline, the day when dozens of countries either have to reach a new trade deal with the U.S. or face the possibility of sky-high duties on their imported goods. Even an island mostly inhabited by penguins won’t be spared from th ... Show More
22m 58s
Feb 2025
SOTS 2nd Hour: M&A Under Trump, Tariff Tech Picks, & DeepSeek-ing New Funds? 2/19/25
Carl Quintanilla and Courtney Reagan broke down today’s market set-up after President Trump laid out new tariff threats for 3 key industries: Autos, Pharma, and Semiconductors. Stocks under pressure as earnings from a number of sectors disappoint: Toll Brothers results hitting th ... Show More
41m 37s
Jul 10
What to Expect From Trump’s New Trade Drama
After months of delaying his most extreme tariffs, President Trump is now threatening to revive the most aggressive version of his global trade war.America’s trading partners, investors and consumers are bracing for impact.The Times journalists Natalie Kitroeff, Ana Swanson, Magg ... Show More
31m 14s